Aggregate expenditure is the sum of   a. spending by households, firms, government, and foreigners on final goods and services   b. all types of spending by households   c. spending and savings by households   d. spending by households and governments on final goods and services

Q: What role does the Cost Accounting Standards Board play when companies contract with the U.S.…

A: Cost Accounting Standards:   The cost accounting standards are the standards set by a board which is…

Q: Which of the following historical reasons for accounting diversity could explain why accounting…

A: Reasons For Accounting Diversity Legal System.  Taxation. Inflation.  Providers of Accounting and…

Q: 6. It is a redistribution of income and wealth through government making a payment,without goods or…

A: Here asked for multi question as per guideline we will solve for first question for you.  If you…

Q: budget prepared

A: Annual Budget-: An Annual Budget lays out a firm's projected earnings and expenditures for a year or…

Q: The Economic Planning Unit (UPE) serves as an agency that plans the country's economic development…

A: Economic planning is the process through which central governments make or influence critical…

Q: Chinese firms wishing to purchase American goods and services are ___ in the foreign exchange…

A: Foreign exchange market is that place where currency of one country exchanges with the currency of…

Q: Which of the following are the objectives of the taxation in Oman? (1) To provide employment benefit…

A: Tax:- Taxes are considered as the involuntary payment that is levied by the government on…

Q: In terms of economic size, the country, which is a large country, is in the state of food (F) export…

A: Answer:-  Import meaning:- A import can be defined as a product or service purchased in one nation…

Q: SMEs plays an important role in a country’s economic development because a. SMEs contribute to the…

A: SME means the small and medium enterprises. SME play a vital role in development of the country as…

Q: Quantification of costs and benefits means Select one:

A: generally, we have two terms first is Qualitative which is focused on quality of work and the second…

Q: Monetary policy is ✅a)the management of the money supply and interest rates. b) involves decisions…

A: The central bank of a country is the apex banking and financial institutions of the country and…

Q: Explain the concepts of Local Currency, Functional Currency and Presentation Currency with suitable…

A: SOLUTION-1 NOTE= AS YOU UPLOAD THE MULTI PARTS ,PLEASE TRY TO UNDERSTAND AS PER BARTLEBY GUIDELINES…

Q: Credit entries in the U.S. balance of payments  (A) result from foreign sales of US. goods and…

A: Balance of payment: It is a statement that shows all the transactions that have occurred between a…

Q: Which of the following is part of the payments system of the economy? A. currency B. demand deposits…

A: A payment system is any mechanism that settles banking transactions by transferring monetary value.…

Q: Use the following table to answer the question below for an economy that has a government and trades…

A: solution : correct answer is option b $320 explanation for the equilibrium GDP following equation…

Q: The table below shows the values for several different components of GDP. Billions of Dollars $ 245…

A: calculation of above requirement are as follows

Q: The country's GNP will contain the following except a. Salaries of the expatriates living in the…

A: GNP is Gross national product. GNP include all the income earned by the citizens of the country…

Q: The quantity and quality of labor, land, and natural resources of a country: a. The Heckscher-Ohlin…

A: Resources are referred to as the assets of the corporation and basic building blocks of the…

Q: What explains the continuing trade surplus in services for the United States?

A: Trading activities would be considered as countries exchanging the goods and services beyond the…

Q: overnment increases government spending and Central Bank conducts expansionary monetary policy, what…

A: Government and federal bank carry out the market operations and increase or decrease the money…

Q: Retirement programs, unemployment benefits, financial aid and other expenses that involve transfers…

A: Solution: Government spends money from its treasuries to fulfil various needs for people in economy.

Q: Describe the type of benefit received in each scenario. Either the scenario describes a…

A: PROGRAM:A set of related measures activities with a particular long-term aim. SERVICES: The action…

Q: . _______ Purchasing products or materials in other nationsand bringing them into one’s own country…

A: When goods are purchased from a foreign nation and are brought to the home nation, it is termed as…

Q: Through utilizing fiscal policy, i.e. varying ________ and/or ___________, governments achieve goals…

A: The correct answer is given in the following steps for your reference in the following steps.

Q: What factors Influence the spending behavior of the different sectors of the economy? How do…

A: The following are some factors influencing how individuals in various economic sectors will spend…

Q: 1. Explain the rule for translating the Financial Statements of Foreign Operations from Local…

A: Note: I am supposed to provide the solution to the first question only. Please repost the remaining…

Q: A) Explain the concepts of Local Currency, Functional Currency and Presentation Currency with…

A: As per IAS 21 " Effects of changes in foreign exchange rates", an entity needs to determine its…

Q: Explain Financial Action Task Force (FATF) & Pakistan in detail

A: Financial Action Task Force (FATF) is an inter-government body which aims to prevent illegal…

Q: Budgets in governmental organizations serve as all of the following except: a. Control mechanisms b.…

A: a. Budgets in governmental organizations serve the control mechanisms.  As the budgets helps…

Q: Balance of payment data is used by various stakeholders, including society. What is your opinion…

A: The difference between the all money flow into the country in a particular period of time and the…

Q: Suppose that an estimate of U.S. federal spending showed that 46% was for entitlements, 18% was for…

A: US federal reserve- It is the central banking system of the US that is responsible for managing the…

Q: Briefly describe the Working Capital Guarantee Program administered by the Export-Import Bank

A: Export-Import bank is the bank which is established as per “The Export-Import bank of India Act,…

Q: Which of the following best describes horizontal analysis? A comparing a company's financial…

A: Correct Answer = Option C =comparing financial statement amounts from year to year for the same…

Q: The __________ is used to determine a sole proprietor’s or company’s worth by listing all the assets…

A: A balance sheet is a financial statement that shows the assets, liabilities, and shareholder equity…

Q: refers to the price of one country's currency in units of another country's currency. The

A: The rate at which two different currencies of two different countries can be exchanged for each…

Q: hich of the following is leakages from the circular flow in a closed economy?   a. household…

A: Leakage is usually used in relation to a particular depiction of the flow of income within a system,…

Q: The static equation for a country’s GDP is

A: GDP of the country shows the value of goods and services a country produces in a year. It includes…

Q: Functional currency is the currency that influences sales price, labour, material and other costs of…

A: Functional Currency: When an entity records and tracks its transactions in one currency, it is…

Q: Describe the effects of the merchandising operation on international financial reporting standards?

A: Merchandise Operations Merchandise operations which describes as the whole activities which are…

Balance of Payments

BOP is categorized into the following three components: